Follow-On Offering

Real Estate
Follow-On Offering

Summary

Baird served as a co-manager in this offering.

About

Ashford Hospitality Trust, Inc. (“Ashford” or the “Company”)(NYSE: AHT) recently completed a follow-on offering of 7,000,000 shares of its common stock at a price of $12.50 per share, generating gross proceeds of $87.5 million. Ashford intends to use the net proceeds from the offering to repay its borrowings under its senior credit facility and for general corporate purposes.

Ashford is a self-administered real estate investment trust focused on investing in the hospitality industry across all segments and at all levels of the capital structure.

For additional information about this transaction, please contact:

Rick Conklin (312) 609-5480
Justin Glasgow (703) 821-5763
Real Estate
Follow-On Offering
Date
June 2011
Company
Ashford Hospitality Trust, Inc.
Transaction
M&A
Sectors
Real Estate
Target Location
North America

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